prop7335 October 7, 2015 No Comments

Life Insurance and Baby Boomers

How Healthy Is Your Life Insurance?

If you’re a Baby Boomer when was the last time you reviewed your life insurance policy?

Baby boomers are those that were born between 1946 and 1964. Currently, approximately 20% of the United States are a member of the baby boomer generation. Baby boomers are living longer and staying in the work force longer then generations before them. Gulf Coast Educators Insurance recommends that baby boomers take a look at their life insurance policy and see if it still meets their needs.

Life insurance is important to have since it can help lift a financial burden off of family members when a person dies. Baby boomers have usually accumulated a home, money, jewelry, stocks/bonds, real estate, artwork or real estate that will be passed down to family or friends. If there is a great deal of wealth then family members could face an estate tax and/or inheritance tax. A life insurance policy can help family members pay those taxes.

Baby boomers might also have debt that will be passed down to family members. A life insurance policy can ease the financial burden of debt. Credit card bills, car payments, and funeral costs will all need to be paid after a person’s death. A life insurance policy provides funding to cover these expenses.

Gulf Coast Educators Insurance offers an array of life insurance products. There are many different options of life insurance available including:

•Term insurance
•Whole life insurance
•Universal life insurance

Life insurance needs might change. A life insurance review is recommended by Gulf Coast Educators Insurance to see if your current policy is still meeting your needs. We have three southwest Florida insurance office locations available to help with your life insurance needs. To speak with an insurance agent at our Naples office, please call 239-591-0963. For an appointment with an agent at our Port Charlotte office, please call 941-391-5423. To reach an agent at the Fort Myers office, call 239-997-0420. Our experienced insurance agents are available at all three of our locations to help you decide which type of life insurance products best fits your needs. Please give us a call today!